The Australian dollar is lower ahead of the Reserve Bank of Australia's interest rate decision.
At 6.30am AEST the currency was trading at 102.53 US cents, down from 102.72 US cents at yesterday’s local close.
The Reserve Bank of Australia (RBA) will announce its interest rate decision at 2.30pm AEST after its monthly board meeting.
All 13 economists surveyed by AAP last week expect the RBA to keep the cash rate unchanged at 3 per cent.